Alphabet 'What if' Analysis

October 20, 2018

0.00

No Change 0.00

0.0%

In 2 months and 1 day

December 19, 2018

0.00

If you would invest 0.00 in Alphabet on October 20, 2018 and sell it all today you would earn a total of 0.00 from holding Alphabet or generate 0.0% return on investment in Alphabet over 60 days. Alphabet is related to or competes with CA, Workday, Xunlei, Teradata, Unisys, VMware, and Alphabet. Alphabet Inc., through its subsidiaries, provides online advertising services in the United States and internationally

Alphabet Market Premium Indicators

Alphabet Backtested Returns

Macroaxis considers Alphabet to be not too risky. Alphabet secures Sharpe Ratio (or Efficiency) of -0.0612 which signifies that Alphabet had -0.0612% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Alphabet exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alphabet Risk Adjusted Performance of (0.09) and Mean Deviation of 1.75 to double-check risk estimate we provide. Macroaxis gives Alphabet performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.4065 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Alphabet will likely underperform.. Even though it is essential to pay attention to Alphabet historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alphabet exposes twenty-one different technical indicators which can help you to evaluate its performance. Alphabet has expected return of -0.1432%. Please be advised to confirm Alphabet Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Alphabet past performance will be repeated at some point in the near future.

Poor reverse predictability

Alphabet has poor reverse predictability. Overlapping area represents the amount of predictability between Alphabet time series from October 20, 2018 to November 19, 2018 and November 19, 2018 to December 19, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alphabet price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Alphabet price fluctuation can be explain by its past prices. Given that Alphabet has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Alphabet for similar time interval.

Correlation Coefficient

-0.37

Spearman Rank Test

-0.23

Residual Average

0.0

Price Variance

641.9

Alphabet lagged returns against current returns

Current and Lagged Values

Timeline

Alphabet regressed lagged prices vs. current prices

Current vs Lagged Prices

Timeline

Alphabet Lagged Returns

Regressed Prices

Timeline

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